Microsoft says its Q2 capital expenditures rose 66% YoY to $37.5B, exceeding analyst estimates for $36.2B; MSFT drops 10%+
Matt Day /Bloomberg:
Bloomberg Matt Day
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Discussion
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@munster_gene
Gene Munster
on x
$MSFT continues to further fade. Now down 7%. 45% of the backlog being due to OpenAI.
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@rihardjarc
Rihard Jarc
on x
$MSFT Azure +39% YoY. Stock is down because expectations were already high but the results are still impressive, long-term investors should be happy.